“FAILING TO PLAN IS PLANNING TO FAIL”   What is a business plan? What is the advantage of making one? A business plan is merely a tool that helps to get an entrepreneur’s onto paper. It is a way that an entrepreneur has to show his knowledge of the market he is entering into, the numbers he thinks he can achieve and what how he imagines the final structure of his company to be. 543,000 new business start each month, according to Fobes.com, a business plan helps to make your plan look better, well at least on paper. At the very least, the process of putting a business plan together (not the type that you would do to get finance from a VC or an angel), but an honest attempt at what you expect to do – will make you think about some of the key aspects such as customers, products, location, demographics, and risk as well as an introspection on how well do you yourself...

Why people get into startups: Soon after graduation, many students have many plans like some want to get into a govt. job where one is paid with enough capital & extra allowances. Some like to get into money making job. Some go for higher studies. A very few work for NGO which is sometimes misunderstood as the last option for a jobless student. Some students from the core technical background settle down in any of the IT Company. Excluding all these students, out of the few left, a very few have the plans for startups. Some work with the passion for carving their own niche in the society. Need for startups: India has got a very great talent which is misused in one or the other form. A lot of skilled professionals compromise their knowledge for the compensation companies provide. As startups are risk involving and strenuous to work, people rather...

About two weeks ago I was scanning through “The Start-Up Manual” when my dad called… He wanted to share a thought on an alternative way of  hiring an co-worker on his farm. After the call I realized that although my dad is not a Mark Zuckerberg type of person and his farm is not designed to scale up after a pilot period, as a smallscale farmer from the Netherlands he is facing most of the challenges that start-up teams have too. -  He is looking for a repeatable business model that is profitable in the short and long term. -  To beat the competition he has specialized in certain crops and products that best fits his knowledge as well as local environment (customers, soil, climate, etc.). -  He is raising money to sustain his position in the market, -  He does marketing and sales to find customers and overall: -  just as a (co)founder of a start-up, he is working very...

There are only two important factors for the growth of any economy in this competitive world. They are 1) Entrepreneurship and 2) Innovation. The best example of the above factors is the recovery of Germany post-World War, and, more recently, Israel’s status of a developed economy have all been driven by Entrepreneurship and Innovation. Now-a-days, they have become even more important for India because of its demographic dividend and it can only be realized with the rapid creation of employment and income generation opportunities. In the late 1880’s, because of leading position in the fields like trade, Mathematics, Astronomy and Philosophy India was considered an innovation driven country and India accounted for 25 % of world GDP (Gross Domestic Product) which was the largest in the world. But due to the Colonization and at the beginning of 1990’s India was facing bankruptcy so India’s...

Generally people ask what is entrepreneurship?? What is innovation?? or similar kind of questions.. In this article we are going to present two stories which will tell you the real meaning of entrepreneurship. First story is of around 1950s. There was a old farmer in a village, Who used to produce very good quality of water melon. He was like a god for children of that village … why??? Any child of that village can had a free treat in his farm at any time.And that treat was of “Best Water Melons” in his field. But what is the point to share it here?? wait wait…let me complete the story… There was a condition for those children, that they can’t bite the seeds they have to chew them and spit into a bucket kept in farmer’s farm. That was the era when there was no concept of hybrid seeds or commercial seeds.By doing this kind of activity that farmer used...

Recently,Techaloo caught up with Eduora’s Founder Nagarjun and got some intresting experinces to share with its Readers.Here goes the Interview Techaloo:How the entrepreneurship journey started? Or who inspired you to start business? Nagarjun:It’s actually an interesting but rather long story. I’ll try to keep it as simple as possible. It all began when I started building my first websites in the 7th grade and ever since, I’ve been hooked! I spent a lot of time learning to make websites and also about the business that drives online companies. Like the hyperlinked web, one interesting story led to another and I was spending hours every day learning about entrepreneurship. It was the idea of making something useful and then also turning that into a business that got me very excited. Techaloo:Share some info about your products and services here. Nagarjun:Eduora was born out of...

Have you ever heard that a student during his graduation, starts a company which gives solutions to big companies???? NO!!! Kshitij Mittal is one of those entrepreneurs who makes their own path and become role model for others…”Kshitij is co-founder at Wikasta Business and Technical Solutions Pvt. Ltd. and the tech magzine www.techwikasta.com” Let’s have a look over the journey of Wikasta Wikasta was founded on 13th March 2012 by two brothers Mr. Kushagra Mittal and Mr. Kshitij Mittal, it is a Jaipur based company. About Wikasta: WBTS provides a variety of services, such as statistical analysis, corporate reporting & presentation, management-research based analysis, reporting services to corporate organizations, and academic assistance to students dealing in research-based MBA/MS projects, to the extent to which they conform to university rules. Through its innovation...

A survey done by leading news paper Economics Times, shows that startups and some lesser known firms made the most as big employer brands slashed hiring at the country’s top B-schools by 19% this year. Online gaming site “Zynga” picked 16 students from Indian Institute of Managemeant(IIMs) , including Ahmedabad, Bangalore, Calcutta and Kozhikode. It was the first time when Zynga made any recruitment from IIMs for a specific role : Product Manager. E-retailer giant Flipkart recruited 6 graduates from IIM-Bangalore. Flareum Tech, a little known clean energy startup (Earlier Gadhia Solar) roped 35. SuperMax(Headquartered in Dubai), manufacturers of razor blades, hired 14 grads from IIM-A and 12 from IIM-B. Mumbai based real estate firm Lodha Group recruited 7 from IIM-B. Big brands such as ICICI Bank, Infosys, Cognizant, Deloitte and P&G hired fewer numbers this year from the 16...

About the book: Title:The New Age Entrepreneurs Publisher : Random House India(www.randomhouse.co.in) Author: More than One ISBN: 9788184001761 This is the first book in the Mint Business Series,Published as a result of a unique partnership between Mint and Random House India. Review: The cover page of the book, looks quite interesting. On the cover page it is shown that if you have a plan and you nurture it well then you are surely going to be Successful else you will end-up in a mess. Book covers the stories of 30 successful entrepreneurs from South India, including Mu-Sigma, Accel and other. The important thing about the book is that it covers the diversity. The entrepreneurs interviewed belong to different business fields including from sweets to IT and consultancy. This is a good point that , most of the interviewed entrepreneurs started their journey from scratch. Stories of most...

16,000 business ideas at one place. 850 entrepreneurs mentored. 74 start-ups given intensive mentoring  at IIM Ahmedabad.45 entrepreneurs given cash grants and 15 provided seed funding. Wondering!!! That was The Power of Ideas in 2010. The Power of Ideas is an initiative by The Economic Times.Ideas will be nurtured with guidance from mentors before submitting to investors.Impressive Ideas will be given grants and seed funds.It is the intellectual property of The Economic Times with a three-way public-private-academic partnership.ET has collaborated  with the Department of Science and Technology (Govt of India) and the Indian Institute of Ahmedabad’s CIIE (Center for Innovation, Incubation and Entrepreneurship). Entrepreneurs,Start-ups,Students,Corporate Executives:Any of these people can participate in Power of Ideas.The only prerequisites are that one should be a Resident Indian,above...